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Outline the basic elements of the primary-export-led development strategy. Does this strategy lead to higher rates of economic growth? Discuss the potential concerns about it.

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Outline the basic elements of the primary-export-led development strategy. Does this strategy lead to higher rates of economic growth? Discuss the potential concerns about it. Outline a simple model of FDI. Which variables determine a rm's choices between horizontal FDI, vertical FDI, and exporting? (Provide relevant diagrams.)

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